Gold has run back towards heavy resistance around $1,950 retracing 50% of its gains from the March to May rally. During last week we saw gold analysts relax targets as the US upwardly revised economic growth forecasts to 1.3% annualised. The economic growth...
Bitcoin has closed lower for the week, residing at US$27,337 down just under US$1k at the time of reporting. The world’s biggest cryptocurrency has been experiencing network congestion and upward pressure on transaction costs due to the popularity of Bitcoin Ordinals...
Gold has run back towards last week’s highs of $2,050, breaking its resistance of $2,020 as mentioned in the previous report. Gold is currently hovering around the $2,050 resistance at $2,040 - well positioned for a run. If Gold can push through...
Centralised exchanges and decentralised exchanges are two different ways of exchanging cryptocurrencies. Each type of exchange has its own advantages and disadvantages. In this blog post, we will discuss the differences and benefits of centralised exchanges versus...
Gold has run back towards last week’s highs of $2,050, breaking its resistance of $2,020 as mentioned in the previous report. Gold is currently hovering around the $2,050 resistance at $2,040 well positioned for a run. If Gold can push through the $2,050 support,...
Gold pushing the $2,000 barrier – BullionFX Market Report 24/4/23 Gold has been trading over the weekend at around $1980 per ounce after recently breaking the $2,000 barrier and running to highs around $2050. If Gold remains under last week’s low of $1996.50 there...
BTC - The bears castle falls above 36K. Why is breaking 36k such a key zone? - Last CME gap fill (above) there are still ones below - Fib 1.618 extension - Fib 618 retracement from major peak - Fib 382 retracement from major top - Combined is a fib cluster - Will...
BullionFX is excited to announce the launch of our new decentralised exchange platform. It allows users to trade cryptocurrencies in a peer-to-peer manner without the need for intermediaries. With our DEX, you can enjoy the benefits of a decentralised and trustless...
Happy one year beariversary to me. We have entered the panic stage. It's all part of the cycle. When you've studied in great depth multiple cycles from different assets over the decades you don't get scared during these times, you get excited because an opportunity...
BTCUSD and diving back in Back to our look last week with BTCUSD, and we are now getting our retest on the zone we were eyeing as a must to continue higher, which is also the 21W SMA (a level that I personally pay a lot of attention to. Holding here, with a strong...